Please help to answer the question 3. Thank you

1. Briefly outline potential ethical conflicts described in this case.

2. Which stakeholders are affected by these conflicts? What are the possible consequences of such conflicts to the stakeholders?

3. What steps should the persons involved take, and what is the appropriate process of these steps? You can use the diagram below as a reference. If no such steps are taken, what would be the consequences to the profession, industry and economy as a whole?

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CONFLICTS of INTEREST ALTERNATIVE DUTIES ACTIONS to OTHERS ETHICAL IMPORTANT ADDITIONAL PRINCIPLES FACTS SITUATIONAL GUIDANCE INFLUENCES IDENTIFY CONSIDER ACT and REFLECT